ITAT has to reappraise & re appreciate all factual materials placed before it

Advocate Akhilesh Kumar Sah ITAT has to reappraise and reappreciate all the factual materials placed before it: Tribunal duty bound for the same, rules Bombay High Court The issues of fact determined by the Tribunal remain final and the High Court in exercise of its reference jurisdiction should not act as an appellate Court to review such findings of fact arrived at by the Tribunal by a process of reappreciation and reappraisal of the evidence on record. It was held by Supreme Court in Karnani Properties Ltd vs. CIT [1972 AIR 2315, 1972 SCR (1) 457] that it is for the Tribunal to find...